Celo\u2019s investment follows Frax and Gnosis passing proposals to deploy $20M and $10M into Anemoy.<\/p>\n
Centrifuge, a leading tokenized real-world assets protocol, has expanded operations onto Celo.<\/p>\n
Announced on March 29, an unnamed entity from the Celo ecosystem invested $100,000 into tokenized treasuries via Anemoy, a Centrifuge-native asset manager, and allocated an additional $1 million for later deployment.<\/p>\n
\u201cCelo ecosystem members completed the first Centrifuge RWA transaction on Celo, allocating up to $1M into Anemoy’s Liquid Treasury Fund,\u201d Centrifuge said. \u201cWe’re looking forward to bringing more high-quality assets and liquidity to the Celo ecosystem.\u201d<\/p>\n
\u201cThe Celo ecosystem views Centrifuge as a strategic partner in the wider Celo ecosystem to onramp additional asset classes, like for private credit, which Centrifuge has a long history of bringing on-chain in a safe, compliant way,\u201d said Alex Witt, the former chief financial officer of the Celo Foundation.<\/p>\n
<\/p>\n
Centrifuge now operates across five networks, following deployments on Arbitrum, Base, Ethereum, and its Centrifuge Chain\u00a0Polkadot parachain<\/a>. Celo is a Layer 1 network boasting a total value locked of $210 million, according to DeFi Llama.<\/p>\n The news comes as the RWA sector is booming, with 21Shares estimating the assets under management (AUM) of on-chain treasuries has rallied to a new all-time high above\u00a0$1.1 billion<\/a>.<\/p>\n The milestone follows BlackRock, the world\u2019s largest asset manager, launching a foray into asset tokenization last week in the form of the\u00a0BlackRock USD Institutional Digital Liquidity Fund<\/a>\u00a0(BUIDL). <\/p>\n BUIDL has already taken in more than\u00a0$244 million<\/a>\u00a0from investors in roughly one week of operations, ranking it as the second-largest tokenized treasuries fund behind Franklin Templeton\u2019s OnChain U.S. Government Money Fund with\u00a0$360.5 million<\/a>.<\/p>\n Anemoy was\u00a0unveiled<\/a>\u00a0as Centrifuge\u2019s first native manager in August 2023, serving as a vehicle for investment into the\u00a0bubbling<\/a>\u00a0tokenized U.S. treasuries sector.<\/p>\n Celo\u2019s investment brings Anemoy\u2019s AUM to\u00a0$4.66 million<\/a>, with the project boasting an allocation from Polkadot\u2019s\u00a0Web3 Foundation<\/a>\u00a0and an integration from\u00a0Finoa<\/a>\u00a0\u2014 a crypto custodian regulated by Germany\u2019s Federal Financial Supervisory Authority.<\/p>\n <\/p>\n Start for free<\/a><\/div>\n <\/p>\n Anemoy is set to enjoy a significant expansion in AUM amid increasing allocations from web3 treasuries, with Frax governance\u00a0passing<\/a>\u00a0a proposal to invest $20 million into treasury bills via Anemoy in December, and Gnosis DAO also\u00a0voting<\/a>\u00a0to invest $10 million in January.<\/p>\n \u201cWe see Treasury yields as a commodity with the core differentiator being the legal framework,” said Lucas Vogelsang, CEO and co-founder of Centrifuge.<\/p>\n Centrifuge also launched Centrifuge Prime<\/a>, an RWA investment platform targeting\u00a0DAO treasuries<\/a>, in June 2023. Centrifuge told The Defiant that scaling Prime\u2019s operations is currently a top priority for the project.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Celo\u2019s investment follows Frax and Gnosis passing proposals to deploy $20M and $10M into Anemoy. Centrifuge, a leading tokenized real-world assets protocol, has expanded operations onto Celo. Announced on March 29, an unnamed entity from the Celo ecosystem invested $100,000 into tokenized treasuries via Anemoy, a Centrifuge-native asset manager, and allocated an additional $1 million […]<\/p>\n","protected":false},"author":2,"featured_media":274008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-274007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=274007"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274007\/revisions"}],"predecessor-version":[{"id":274010,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274007\/revisions\/274010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/274008"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=274007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=274007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=274007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Tokenized U.S. treasuries bubble<\/h2>\n
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